22 Hrs
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الوئام
Services exports drop to 59.5B riyals
The Kingdom's exports of services decreased by 16.5% during the second quarter of 2026, reaching approximately 59.5 billion riyals compared to 71.3 billion riyals in the first quarter. The decline is primarily due to a 23.6% drop in travel service exports, which amounted to about 33.8 billion riyals, with personal travel services accounting for around 94% of this total. At the same time, service imports increased by 8.4%, reaching 120.8 billion riyals, mainly driven by a 17% rise in travel service imports. Most of the Kingdom's service imports are concentrated in the transportation sector, which totaled 34.1 billion riyals, with marine transport accounting for about 41%, followed by air and land transport. Personal travel services remain the most imported, constituting 92% of the total.
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